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Heritage Cannabis Holdings Corp HERTF

Heritage Cannabis Holdings Corp. is a Canada-based cannabis company offering products to both the medical and recreational legal cannabis markets in Canada and the United States. It focuses on extraction and the creation of extract and extract-derivative products and brands for adult use and cannabis-based medical solutions. It has a portfolio of cannabis products under the brands Purefarma, Pura Vida, RAD, Premium 5, Thrifty, Adults Only, feelgood., the CB4 suite of medical products in Canada and ArthroCBD in the United States. In Canada, it operates through its subsidiaries, Heritage Cannabis West Corporation (Heritage West) and Heritage Cannabis East Corporation (Heritage East). Heritage West holds a Health Canada issued cultivation, processing, and medical and adult use sales license, as well as an industrial hemp license, a cannabis oil sales license, and a cannabis research license. In the United States, it operates through, Opticann Inc., an oral and topical cannabinoid company.


PINL:HERTF - Post by User

Comment by inviolablspiriton Mar 25, 2024 7:31am
113 Views
Post# 35950175

RE:RE:RE:RE:YEAR END FINANCIALS

RE:RE:RE:RE:YEAR END FINANCIALSIt's kind of funny to hear all this doom and gloom around this company on many different forums when CANN sits in a better position than WEED or ACB.  WEED has an EPS of -$19.37 and ACB is -$3.39, while CANN is -$0.02.  

With CANN's continued expansion in the US, which also has a much larger profit margin on products, CANN will most likely hit profitability before either of those two stocks.  Investors grabbing shares of CANN at these prices will do better financially.  

Remember WEED and ACB have done 2-3 reverse splits each.  lol   CANN could do a single reverse split and raise enough money after that to pay off all debt, be cash positive and still be under 300 million shares fully diluted.  

So when I've heard talk of this company going under on various forums all I can do is laugh.  That's certainly not happening when there's always a path forward.  The company is also seeing a need to add additional machines to expand production and are also producing products for other companies.  Can some of those other companies even afford to loose CANN's product production for them?  Or CANN's expertise?  Probably not.  At the very least another company would buy out CANN and add their poduction, products and expertise to thier own portfolio.  It's just a matter of time for this stock to run.  I can wait.  

I am very interested to see Q1 financials, with the addition of the province of Quebec and their continued expansion in the US. 
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